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Question 1

What is midpoint-to-midpoint differential?

Options :

A : The difference in wage rates paid at the top and bottom of a salary grade

B : The difference in wage rates paid for the same job in different locations

C : The difference in wage rates paid for jobs with similar job titles

D :

The difference in wage rates paid in the midpoints of two adjacent grades and is also known as a salary range spread

Answer: D

Question 2

What would be an appropriate distance between supervisor and subordinate jobs while considering the job relationships when job slotting?

Options :

A : 5% - 10%

B : 10% - 15%

C : 15% - 20%

D : 20% - 25%

Answer: C

Question 3

Which of the following is a characteristic of a good survey?

Options :

A : Survey sources are identified.

B : A limited sample size.

C : Aggregate data is trimmed.

Answer: A

Question 4

Which of the following is an advantage of market-based job evaluation and pay structure design?

Options :

A : Any market inequities are built in

B : Simple to administer

C : Takes into consideration the company-s perceived value of a job

D : Legally defensible based on job content

Answer: B

Question 5

How is the value of stock awards typically shown in survey data?

Options :

A : As part of total cash compensation

B : As a monetary figure

C : As the number of share granted

Answer: B